Repeal of Obamacare would add to the deficit, not reduce it

President Barack Obama at the Clinton Global Initiative, September 24, said: “It is a net reduction of our deficit…if they repealed the law it would add to the deficit.”

FACTS:

In May, 2013 the Congressional Budget Office wrote House Budget Committee Chairman Paul Ryan, R-Wis, stating, that it and the Joint Committee on Taxation “most recently estimated the budgetary impact of repealing the [Affordable Care Act] in July 2012. In a letter to Speaker Boehner (sent on July 24, 2012), CBO described the direct spending

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Pat Cunningham

THIS is from the fact-checkers at CNN:

ASSERTION:
Repealing Obamacare will add to the deficit.

President Barack Obama at the Clinton Global Initiative, September 24, said: “It is a net reduction of our deficit…if they repealed the law it would add to the deficit.”

FACTS:
In May, 2013 the Congressional Budget Office wrote House Budget Committee Chairman Paul Ryan, R-Wis, stating, that it and the Joint Committee on Taxation “most recently estimated the budgetary impact of repealing the [Affordable Care Act] in July 2012. In a letter to Speaker Boehner (sent on July 24, 2012), CBO described the direct spending